Bosch Limited announced a key leadership transition following its Board meeting on February 17, 2026. The Board approved the appointment of Mr. Tillmann Olsen as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 01, 2026. Concurrently, the Board accepted the resignation of the current CFO, Ms. Karin Gilges, who is leaving to take up a global role outside India, effective May 31, 2026.
Key Management Changes Confirmed
The Board of Directors of Bosch Limited, in its meeting held on February 17, 2026, sanctioned significant changes to its executive leadership structure.
Appointment of New CFO
Based on the recommendations of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Tillmann Olsen as the Chief Financial Officer (CFO) of the Company, with effect from June 01, 2026. Mr. Olsen will also assume the role of Key Managerial Personnel (KMP) from the same date.
Profile of Tillmann Olsen
Mr. Olsen brings extensive leadership experience from various senior roles within the Bosch Group:
- 01/2022 – Present: Executive Vice President, Leader Business Unit Mobile Components at Bosch Rexroth AG, Germany, holding full P&L responsibility for worldwide business exceeding €400 million in sales.
- 01/2019 – 12/2021: Regional President of Bosch Rexroth Africa, responsible for business across the African continent (sales > €100 million) and driving significant growth (CAGR > 8%).
- His career also includes high-level executive roles in South Africa and France, notably as CEO of Bosch Rexroth South Africa Group of Companies from 03/2018 to 12/2021 and prior roles in purchasing and finance spanning back to 2004.
Resignation of Current CFO
The Board officially accepted the resignation tendered by Ms. Karin Gilges, the current CFO and KMP. Her resignation is effective from the close of business hours on May 31, 2026.
Ms. Gilges is resigning due to her acceptance of a new professional appointment to a global role within the Group, which requires her to be based outside India. The Board recorded its sincere appreciation for her valuable contributions since she assumed the CFO role on May 01, 2022.
Transition Details
The Board officially welcomed Mr. Olsen, effective June 01, 2026. The entire transition process is confirmed to have commenced at 17:15 hrs. (IST) and concluded at 17:20 hrs. (IST) on the date of the meeting. Ms. Gilges confirmed that her departure is based purely on this new opportunity and that there are no other material reasons for her resignation.
Source: BSE
